From the Chicago Fed report on Crypto Currencies... we find this gem of a quote...
"Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration, or recourse."
...
***looks around***
yep.
Ok now, even I know that this statement is just epic stupid on so many levels.
ReplyDeleteThat is why I like reading here and at Vox's because you 2 write it so even I can understand it.
I'm glad I didn't have any coffee in my mouth when I read that.
ReplyDelete